Global Infrastructure Sherpabp and Iberdrola develop 25MW green hydrogen plant in Castellón, Spain
bp and Iberdrola are nearing completion of a 25MW green hydrogen plant in Castellón, Spain, with an investment of over €70m. The project, developed through Castellón Green Hydrogen S.L., will be the largest green hydrogen plant in operation in Spain.
Counterparts (2)
Deal Analysis
- Joint development by integrated energy company bp and renewable energy leader Iberdrola.
- 25MW capacity, making it the largest green hydrogen plant in operation in Spain.
- Investment exceeding €70m in a key emerging energy technology.
- Strategic move for both partners into the green hydrogen sector.
Source Intelligence
The project, developed through Castellón Green Hydrogen S.L., will be the largest green hydrogen plant in operation in Spain. The plant has reached 90% completion of its assembly phase and 100% of equipment is now on site. Testing to monitor the operation and performance of the equipment is scheduled to begin in May 2026. bp and Iberdrola España hold equal stakes in the venture. The facility is expected to produce about 2800 tonnes of green hydrogen each year. This is expected to avoid the emission of around 23,000 tonnes of CO2 per year. This plant will be powered by 200 GWh/year of renewable energy from Iberdrola's wind farms and photovoltaic plants in Spain.
"The joint venture between bp and Iberdrola has reached the final phase of construction of a 25MW green hydrogen plant in Castellón, Spain."
"The joint venture between bp and Iberdrola has reached the final phase of construction of a 25MW green hydrogen plant in Castellón, Spain."
"The project, developed through Castellón Green Hydrogen S.L., will be the largest green hydrogen plant in operation in Spain."
"including the electrolyser system supplied by Plug Power."
"to replace part of the grey hydrogen currently used at the bp refinery in Castellón."